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AWS Unveils First Space Accelerator Program in India, Supporting 24 Startups

Twentyfour businesses have been chosen for the 14week technical, business, and mentorship programme AWS Space Accelerator India, the companys first sp

Twentyfour businesses have been chosen for the 14week technical, business, and mentorship programme AWS Space Accelerator India, the companys first space accelerator programme in India. AWSs Memorandum of Understanding with ISRO and INSPACe to help space entrepreneurs in India led to this programme, which THub and Minfy backed. The programme provides training, guidance, and mentorship from space and technological specialists and up to $100,000 in AWS credits. The selection of startups was based on their innovative, sustainable, and productmarket fit. They will discover how to use AWSs machine learning, AI, and data analytics capabilities. The accelerator programme will end in July or August of 2024 with an event presenting the firms ideas to investors and influential people in the sector. Read More..

B2B Tech News | 19 days ago          

Alarming Rise Bank and Digital Frauds Surge in India, Survey Shows

According to a LocalCircles poll, Indias financial data security has serious flaws. It reveals that 34% of Indians share their passwords with others,

According to a LocalCircles poll, Indias financial data security has serious flaws. It reveals that 34% of Indians share their passwords with others, mostly family members, raising the possibility of unwanted access, and 17% keep banking passwords on mobile devices in easily accessible places. 53% of the roughly 48,000 respondents in 367 districts who participated in the poll reported falling victim to bank account, UPI, or credit/debit card fraud in the previous five years. Furthermore, for different applications, 97% of respondents shared their Aadhaar card, 68% shared their PAN card, and 38% shared their drivers licence. According to the Reserve Bank of India, six out of 10 instances go undetected despite a notable increase in bank and digital frauds. Read More..

B2B Tech News | 19 days ago          

BlackRock Makes Strategic Move with $3.23 Billion Preqin Acquisition

The largest asset management company in the world, BlackRock BLK.N, has agreed to pay 2.55 billion pounds $3.23 billion in cash to purchase Preqin, a

The largest asset management company in the world, BlackRock BLK.N, has agreed to pay 2.55 billion pounds $3.23 billion in cash to purchase Preqin, a data provider in the UK. With this acquisition, BlackRock is strengthening its Aladdin technology platform and taking a calculated step into the private markets data space. Preqins vast data, research skills, and investing methods will benefit Aladdin, BlackRocks flagship portfolio management software, improving services for international fund managers. Preqin was established in 2003 and provides alternative investing data to customers in over 90 countries. Preqin has exhibited a robust yearly growth rate of roughly 20% in recent years, and BlackRock projects that it will generate approximately $240 million in recurring revenue by 2024. Read More..

B2B Tech News | 19 days ago          

Atos Finalizes Agreement for Debt Restructuring, Plans Capital Increase and Debt Conversion

The French technology giant Atos ATOS.PA has made significant progress in its financial recovery efforts by finalising an agreement with a group of ba

The French technology giant Atos ATOS.PA has made significant progress in its financial recovery efforts by finalising an agreement with a group of banks and bondholders about its debt restructuring plan. The restructuring strategy includes a capital increase of 233 million euros $250 million through preferential subscription rights. Atos net indebtedness will be drastically reduced by approximately 3.1 billion euros once approximately 2.8 billion euros of its debt is converted into equity, totalling 2.9 billion euros. After ending talks with investor David Layanis Onepoint consortium last Wednesday, Atos hopes to finalise the restructuring deal by July. Read More..

B2B Tech News | 19 days ago          

Google Makes Strategic Investment in Taiwans New Green Power for Renewable Energy Push

As part of its efforts to lower carbon emissions throughout its supply chain and operations, Google has invested in Taiwans New Green Power NGP and ai

As part of its efforts to lower carbon emissions throughout its supply chain and operations, Google has invested in Taiwans New Green Power NGP and aims to buy up to 300 megawatts of renewable energy from the company. The investment is intended to promote NGPs construction of a sizable solar pipeline in Taiwan, which was made possible by a stake acquisition whose value still needs to be revealed. This action is essential as Taiwans decarbonisation initiatives will face difficulties because it still primarily generates its electricity from fossil fuels. Google plans to address Scope 3 emissions related to its value chain by using the solar energy it has acquired to power its activities and provide excess to suppliers. Read More..

B2B Tech News | 19 days ago          

SK Hynix to Invest $74.6 Billion in Chip Business, AI by 2028

Parent firm SK Group has announced that South Koreas SK Hynix will invest 103 trillion won $74.6 billion by 2028 to improve its semiconductor business

Parent firm SK Group has announced that South Koreas SK Hynix will invest 103 trillion won $74.6 billion by 2028 to improve its semiconductor business, emphasising artificial intelligence. SK Group intends to streamline its 175+ companies and raise 80 trillion won by 2026 for semiconductors and artificial intelligence AI investments. The move is in response to significant losses at SK Hynix and its EV battery business. AI data centres, highbandwidth memory chips, and AI services are essential areas of attention. With a target profit before taxes of 40 trillion won by 2026, SK Group anticipates making 22 trillion won this year. This programme supports South Koreas endeavours to maintain its competitiveness in the worldwide semiconductor industry. Read More..

B2B Tech News | 19 days ago          

Indonesia Faces Major Cyberattack Services Disrupted, Including Immigration and Airports

Following a ransomware breach that affected many services, including immigration and primary airport operations, Indonesian President Joko Widodo orde

Following a ransomware breach that affected many services, including immigration and primary airport operations, Indonesian President Joko Widodo ordered an examination of government data centres. In one hacked data facility, 98% of the data was not backed up, impacting over 230 governmental entities. Indonesia rejected the ransom of $8 million. BPKP, the state auditor, will look into data centres financial and governance elements. Budgetary restrictions led to criticism over the absence of required data backups. Minister of Communications Budi Arie Setiadi has been called to resign, but she says budgetary constraints kept data backups from happening. By August, the administration anticipates fully resuming operations. Lockbit 3.0 malware was utilised in the assault. Read More..

B2B Tech News | 19 days ago          

Widespread Instagram Outage Hits Users Worldwide, Including India

The Metaowned Instagram had a worldwide outage on Saturday that affected users worldwide, including those in India. Numerous people complained about h

The Metaowned Instagram had a worldwide outage on Saturday that affected users worldwide, including those in India. Numerous people complained about having trouble using tools like feed updates and Reels. At its height, Downdetector recorded almost 6,500 reports from India, with 32% of the complaints about the app, 10% concerning server connectivity, and 58% about feed issues. Significant cities were affected, including Bengaluru, Mumbai, and Delhi. Frustrated users posted amusing comments about the outage on X, which was once Twitter, to get validation. A user quipped, "Everyone going towards Twitter to check if Instagram is down." Instagram has not yet released a statement or given a timeframe for the resolution. Read More..

B2B Tech News | 19 days ago          



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